The Hindu Business Line : Suzlon, Bharti Airtel, Unitech shed open interest

Turnover improved to Rs 81,574.39 crore in the F&O segment on Tuesday. The Nifty November futures ended in discount at 4559.35 against the spot close of 4563.9. It added 19.86 lakh shares in open interest – the discount suggests most of them were on the short side.

Among the options, 4700 call added 20.85 lakh shares, while 4500 put added 6.36 lakh shares in open interest. This indicates that 4500 could act as a support for Nifty.

Stock futures

Most of the individual active stock futures witnessed a drop in open positions. Suzlon shed 63.75 lakh shares and closed sharply lower at 58.3 against the spot close of 57.9.

Bharti Airtel futures, which finished on firm note, shed 25.73 lakh shares suggesting the gain was mainly on short covering. Unitech saw a fall of 26.91 lakh shares in open interest and closed weak at 74.6 against the spot close of 75.

The other counters that witnessed drop in open position include ICICI Bank, HDIL, Tata Steel, DLF and Jindal Steel.

However, Reliance Industries, which saw sharp fall in prices, added 1.25 lakh shares.

FII activity

Overseas institutional investors remained net sellers to the tune of Rs 567.21 crore; they were particularly severe on index futures.

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